Oracle Corporation (NYSE:ORCL) Sees Volume Pop in Session

Adjust Comment Print

The firm earned $9.27 billion during the quarter, compared to analyst estimates of $9.25 billion.

Several equities research analysts recently issued reports on the stock.

Oracle Corporation has 4,102,353,000 shares in issue which have a share price of 43.05 giving Oracle Corporation a market capitalisation of 176.61B United States dollars.

Oracle has a 52 week low of $37.62 and a 52 week high of $43.26 with a PE ratio of 20.55 Oracle's market capitalization is now $0. Finally, Cowen and Company reissued an outperform rating and issued a $46.00 target price on shares of Oracle in a report on Saturday.

The average rating on the stock is the equivalent to buy, while the average stock target is $47.65, according to a FactSet survey of roughly 30 analysts. Oracle now has a consensus rating of Buy and an average price target of $44.07.

In the prior 12 months Oracle Corporation's stock price has increased by 8.68% from 39.61 to 43.05.

Shares of Oracle (NYSE:ORCL) opened at 43.05 on Tuesday. The company had a trading volume of 18,393,223 shares. Check back in a day or two to see if ORCL can move up on Zacks Rank thanks to this quarter.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Wednesday, March 15th.

Oracle reported earnings of $0.63 per share and revenues of $9.27 billion. When that happens, earnings per share will "ramp up throughout the year" and Oracle will return to the same pattern of growth it delivered the previous decade during the license business heyday, she said. Currency is expected to be a significant headwind that could account for revenues to be impacted by 2% and EPS to be adjusted by around $0.02. Oracle's revenue was up 2.9% on a year-over-year basis. Equities analysts anticipate that Oracle will post $2.56 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 26th.

The company noted that they are raising their dividend to $0.19 from $0.15. This represents a $0.76 annualized dividend and a yield of 1.77%. Oracle's dividend payout ratio is 28.99%. Share performance for the month is now at 4.77%. The stock was sold at an average price of $38.72, for a total transaction of $1,742,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Let's take a look at the report, what analysts are saying and if this stock should get some consideration in your own portfolio. The stock was sold at an average price of $39.09, for a total transaction of $146,587.50. Zions Bancorporation now owns 3,934 shares of the enterprise software provider's stock valued at $152,000 after buying an additional 36 shares during the period. The disclosure for this sale can be found here. Tightening the gaze, stock performance for the last 5 trading days is 1.03%.

That service is a key part of Oracle's plan to compete against the bigger players in the cloud industry like Amazon Web Services, Microsoft, IBM and Google Cloud Platform. On Wednesday, the company reported massive growth in its software- and platform-as-a-service businesses, promising further gains as its customers do away with their data centers. PaaS offerings are tailored for particular tasks and include products like Oracle's Exadata Database Cloud Service, IT Analytics Cloud, Business Intelligence Cloud and Internet of Things Cloud.